Do 31 December 1011, A Ltd acquired ans ofthe issued share capital of E Ltd when the retalned prot of E Ltd was $1.1 milllon. The foliowlng are the

Required:

(a) Prepare the consolidation journal entries for A Ltd (assume no impairment loss of the patent during 20X2).

(b) Prepare the consolidated statement of financial position for A Ltd as at 31 December 20X2 assuming that NCI is measured at fair values.